Third-party depository is the depository of funds transferred by banks to securities companies, which can prevent securities companies from misappropriating customers' funds. Even if the securities company goes bankrupt, the relevant funds will not be affected. In the past, when there was no third-party depository, the relevant funds were sometimes misappropriated by securities companies.
As the purchased shares will be registered in the shareholders' accounts under their names by electronic name, China Securities Clearing Co., Ltd. is the service organization of all securities shareholders' cards in China, and the shareholders' information will be kept in its system. If the bankruptcy-related trading business of a securities company will be entrusted, the affected customers can conduct related transactions normally.
Extended data:
All the funds under the fund company have custodian banks, and the clients' funds are not managed by securities companies. In addition, if the securities company goes bankrupt, it is the part of the assets of the securities company that is liquidated, not the margin assets of the customers.
The influence of the bankruptcy of securities companies on investors who open accounts;
If you are a simple brokerage customer, that is to say, if you only open an account for stock trading in the company, you have not done other business through this account (such as entrusted financial management and tripartite supervision). ), then the bankruptcy of the company has no effect on you.
If your securities trading settlement funds (commonly known as margin) are misappropriated by the company, the Securities Investor Protection Foundation will compensate you.
If you are involved in other businesses of the company, the creditor's rights formed between you and the company depends on the results of government screening, so as to decide whether it will be acquired by the investor protection fund.
Baidu encyclopedia-securities company
Baidu Encyclopedia-Regulations on Supervision and Administration of Securities Companies